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Austrian Securities Market and Stock Exchange News and Analysis
Read the latest headlines and breaking news about the Vienna International Stock Exchange and the Austrian securities market (bonds, stocks)
Bawag Concludes Capital Increase of € 200m
Equity capital raise from current shareholders and investors further strengthens BAWAG P.S.K.’s capital position. Cerberus´ share goes down to 52%.
December 28, 2012
Bulgaria: Lending Grows Substantially
In November 2012, the annual growth rate of broad money (monetary aggregate M3) was 10.1% compared to 8.6% in October 2012.
December 28, 2012
WIFO: „Shut Down Hypo Group“
The Austrian Institute of Economic Research (WIFO) recommends closing the nationalized banking group. The number of banks is expected to shrink radically.
December 27, 2012
New Hope for Nabucco
The gas pipeline project is said to get a new major shareholder. In case of the entry of the Shah Deniz II consortium, Nabucco´s utilization would be secured.
December 22, 2012
Hutchison Takes Over Orange
The Austrian subsidiary of the Hong Kong-based telecommunication group Hutchison Whampoa is now officially entitled to acquire its competitor Orange.
December 22, 2012
Hypo Group: Supervisory Board Wants Bad Bank
Johannes Ditz, chairman of Hypo Group´s supervisory board thinks that the bank will need even more time to scale-down its risky assets.
December 22, 2012
RZB: „Hypo Group Is No Issue“
Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) will not bid for Hypo Group´s subsidiaries.
December 21, 2012
Strabag SE Strengthens its Financial Position: € 400m Cash Credit Line
The publicly listed European construction company STRABAG SE has arranged a revolving syndicated cash credit line in the amount of € 400m with a consortium of banks.
December 21, 2012
CESEE: Deposit Growth Slows Down
Given the sketched regional loan growth dynamics and their most important drivers it comes as no surprise that deposit growth rates in CEE also decelerated in recent months, Raiffeisen Research states.
December 21, 2012
CESEE Asset Quality: “Not out of the woods”
In terms of asset quality the banking sector trends in CEE remain a mixed bag, Raiffeisen Research says.
December 20, 2012
Raiffeisen: “No signs of a regional deleveraging trend in CEE”
Cross-border exposures of European BIS-reporting banks to CEE (and the subregions CE and SEE) showed a modest decline in Q2 2012. This performance was driven by a cut in more or less all relevant CEE countries.
December 20, 2012
CESEE Banking Sector: Improving Market sentiment, but Slower Growth
The average CEE loan growth slowed to16-17% yoy in Q3 from 19% in Q1/Q2, Raiffeisen Research says.
December 20, 2012
Outlook: Vienna Stock Exchange Optimistic
This year, Vienna Stock Exchange was clearly on the rise: ATX climbs by 28 per cent in 2012.
December 20, 2012
Immofinanz: Drastic Profit Decrease
Group generated solid operating results in the first half of the 2012/13 financial year. EBIT was down slightly, however.
December 19, 2012
Romanian Post to be Privatized
In total, 51% of the company will be sold. The Romanian state will keep a 24% stake in Post.
December 18, 2012
Uniqa Sells Hotel Investments
The Uniqa Group is selling its hotel investments from the Austria Hotels International Group to an investor group headed by Oliver W. Braun (also including Günter Kerbler, Johann Kowar and others).
December 18, 2012
Sharp Attack Against Hypo Group
The legal dispute between Austrian Hypo Group and German BayernLB escalates. The majority owner of BayernLB announced that Hypo Group´s lawsuit will be fought by all means.
December 15, 2012
Austrian Competition Authority May Prevent Orange-Takeover
This week, the EU-Commission has approved the acquisition of the third-biggest telecommunication company by Hutchison Austria. Austria´s BWB (Federal Competition Authority) is seen as risk factor.
December 15, 2012
Austria: BWB Approves New Shareholder at Bawag
The U.S. investment fund Golden Tree Asset Management becomes the second core shareholder of the Austrian bank.
December 14, 2012
“Risks to Financial Stability Remain High”
The European sovereign debt crisis continues to impact international financial markets. Despite the stabilizing effect of monetary and financial policy measures the risks to financial stability remain at a high level, OeNB says.
December 14, 2012
EVN Posts Mixed Results
The Austrian energy company records an increase in revenues. EBIT fell by 7.0%, net profits grow slightly. Outlook 2012/13: Group net profit is expected to be on the prior-year level.
December 13, 2012
Bank Austria: Major Losses in Kazakhstan
In 2007, Bank Austria took over the Kazakh ATF Bank. In total, the banking group is threatened to record losses of up to € 1.8bn. Now, Bank Austria is said to leave Kazakhstan.
December 11, 2012
Orange-Takeover: Commission to Announce Decision Next Week
EU Commissioner Joaquin Almunia said that the final decision will be published next week. The deal is likely to be approved.
December 8, 2012
RBI Sells Stake in RHI
The Austrian Raiffeisen Bank International sells the 7.3% interest in the Austrian refractory company.
December 7, 2012
Voestalpine Acquires Canadian Sturdell Industries
The Vienna-listed voestalpine Group continues to further expand its market position in North America by undertaking an acquisition in its special steel segment.
December 7, 2012
Hypo Group: Deadline Expires
Today, the first deadline for the sale of Hypo Group´s subsidiaries in Southeast-Europe expires.
December 7, 2012
EU Approves State Aid for Hypo Group
The EU Commission has no objections against the state aid with a size of € 1.5bn.
December 5, 2012
Energie Steiermark and Verbund Simplify Shareholding Structure
Verbund sells STEWEAG-STEG shares to Energie Steiermark and is buying Energie Steiermark’s shares in Verbund Thermal Power.
December 5, 2012
Legal Merger of Raiffeisen Bank Polska and Polbank EFG Approved
Approval is starting point for unification of market approach and operational merger process. Cost synergies to be achieved by optimization of the branch network and the staff number, among other measures.
December 5, 2012
Lower Profits for Zumtobel
In the first six months of Zumtobel´s financial year, net income was down by 42.3%. Earnings decreased from € 43.6m to € 32.7m.
December 5, 2012
Verbund Focuses on Hydro Power
After the deal with German E.ON, the biggest Austrian energy company has a new core market and a new core product.
December 4, 2012
Interest Rates Reach New Record Low
Today, the Austrian National Bank (OeNB) has presented the development of interest rates in the third quarter. OeNB does not fear a credit crunch.
December 4, 2012
Verbund Sells Enerjisa to E.ON
Verbund, Austria’s leading utility, and E.ON, one of the world’s largest energy providers, have reached an agreement on an asset swap.
December 3, 2012
RHI: USA and India as Growth Markets
CEO Franz Struzl considers expanding into India, Russia and the U.S. Investments will reach about € 50m.
December 1, 2012
Slovenia: Austrian Grawe Will not Take Over ZM
The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.
November 30, 2012
Hypo Group Sold AluFlexPack to MTC
After months of negotiations, the Austrian nationalized bank sold the Croatian aluminum company to the Switzerland-based Montana Tech Components.
November 30, 2012
RHI: 2012 Will be Successful
The Austrian refractory company will record a substantial increase in revenues and earnings, CEO Struzl says. However, results of the fourth quarter are expected to slacken.
November 30, 2012
Strabag: Losses Ahead
Next Friday, the Austrian construction group presents its results for the first nine months of 2012.
November 28, 2012
Uniqa: Earnings and Net Income Improved Substantially
EBT improved to € 152.4m. Company plans EBT of approximately € 200m for business year 2012.
November 28, 2012
RBI: Net Income Up by 13%
Raiffeisen Bank International posts a profit before tax of more than € 1bn for the first three quarters.
November 28, 2012
RBI Expected to Record Higher Net Results
Tomorrow, Raiffeisen Bank International (RBI) publishes its results for the first nine months of 2012. The interest income is anticipated to decline slightly.
November 27, 2012
Orange-Takeover: One Step Closer to the Goal
Telekom Austria is allowed to take over the discount operator Yesss!. Now, only the Commission has to approve the whole deal.
November 27, 2012
New Record Results for Montana Tech Components
The Switzerland-based industrial group Montana Tech Components AG (MTC-Group) recorded an increase in turnover by 10%. EBITDA was up by 33%.
November 23, 2012
„The Worst Is Over Now“
In an interview with the Austrian newspaper “Die Presse”, Birgit Kuras explains that Vienna Stock Exchange faces an upward trend.
November 23, 2012
Slovenian NKBM in Difficulties
The second-biggest Slovenian Nova Kreditna Banka Maribor (NKBM) bank suffers from its risky assets. The NPL quota is still on the rise.
November 22, 2012
Porr: Shareholder Structure to Change
The Austrian construction company plans to increase its free float. CEO Karl-Heinz Strauss has made his compulsory offer.
November 22, 2012
Vienna International Airport Improves Results
Positive commercial development at Flughafen Wien AG: first three quarters bring higher revenues and earnings.
November 22, 2012
Conwert Notes Falling Revenue and Net Income
The Austrian real estate company publishes results for the first nine months of 2012. Earnings before tax (EBT) at 22.5m increased more than sixfold.
November 22, 2012
Zavarovalnica Maribor Sale: Slovenia Under Pressure
The Slovenian bank NKBM has to sell its stake in the second-biggest Slovenian insurance company Zavarovalnica Maribor (ZM). The sale proves difficult.
November 21, 2012
Hutchison Austria: Takeover Approved
The EU Commission allows the Hong Kong-based telecommunication group to take over its Austrian competitor “Orange”. The Austrian Federal Competition Authority is not convinced yet.
November 21, 2012
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